存储需求旺盛 澜起科技“借风”赴港

Core Viewpoint - The semiconductor industry is experiencing a surge in Hong Kong listings, with leading companies like 澜起科技 (Lianqi Technology) accelerating their progress towards dual capital platforms amid a booming AI-driven demand for memory interconnect chips [2][3]. Group 1: Company Overview - 澜起科技 is a fabless integrated circuit design company focused on providing interconnect solutions for cloud computing and AI infrastructure, holding a 36.8% market share as the largest global supplier of memory interconnect chips [2][3]. - The company is also a key player in the PCIe Retimer market and the first to launch CXL MXC chips, actively participating in the international standardization of DDR5 chips as a board member of JEDEC [2][3]. Group 2: Product and Market Position - 澜起科技's core products include a full range of DDR memory interface chips and high-performance chips like PCIe Retimer and CXL MXC, designed to meet the demands of AI-era computing systems [3]. - The company plans to expand its product matrix into Ethernet and optical interconnect fields, further enhancing its offerings [3]. Group 3: Financial Performance - In the first three quarters of the year, 澜起科技 reported revenues of 4.058 billion yuan, a year-on-year increase of 57.83%, and a net profit of 1.632 billion yuan, up 66.89% [4]. - The gross margin for the same period reached 61.46%, an increase of 3.34 percentage points compared to the previous year [4]. Group 4: Market Trends and Projections - The AI-driven demand is expected to significantly boost the memory interconnect chip market, with projections indicating a growth from $1.2 billion to $5 billion between 2024 and 2030, at a compound annual growth rate (CAGR) of 27.4% [3]. - The PCIe and CXL interconnect chip market is forecasted to grow from $2.3 billion to $9.5 billion, with a CAGR of 26.7% during the same period [3].